Every day Mingtiandi scans the web and curates the day’s biggest stories for you. Here’s what we found today:
Dalian Wanda Bidding $850 Mil for Parent Co of Ironman Triathalon
Chinese property and investment firm Dalian Wanda Group is in exclusive talks to acquire World Triathlon Corp, the U.S. owner of the popular Ironman Triathlon franchise, for more than $850 million (548.14 million pounds), according to a person familiar with the matter.
A Closer Look at China’s New York-Based Real Estate Developer
While recent headlines have given the impression that New York is being bought up by China, the appeal of Manhattan real estate, for many Chinese investors, runs deeper than acquiring trophy properties like the Waldorf Astoria or One Chase Plaza.
The flexibility that comes with buying real estate in New York and other major U.S. cities allows those investors to focus less on snapping up iconic hotels and office buildings, and instead to build their own brands from the ground up.
Miami Taps EB-5 Visa Program to Help Fund Affordable Housing
Miami is turning to the Chinese to help solve its affordable-housing problem.
Last week, Miami Mayor Tomás Regalado called on housing developers to build more apartments targeted to teachers, police officers, young professionals and senior citizens—groups that have been on the sidelines during the city’s luxury-housing boom.
Shimao Relaunches Chinese Real Estate Asset-Backed Securities
China’s property developers are returning to the asset securitisation market after a three-year absence, prompted by lighter rules on how they can package up and sell future cash flows to raise funding.
Regent Announces New Hotel in Harbin, China
Regent Hotels & Resorts and China’s Hua Hong Group confirmed the launch of Regent Place Harbin at the new Hua Hong International Center in 2017. The elegant signing ceremony was attended by Chairman of Regent Hotels and Resorts, Steven Pan, and Zhang Hongshan, Chairman of China’s Hua Hong Group.
Tune in again tomorrow for more news, and be sure to follow @Mingtiandi on Twitter for more news as it happens.
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